Blue Sphere Corp. (BLSP)

[Pro-Life]

"The joint venture agreement with Biogas Nord and the agreement in principle with Caterpillar are votes of confidence by two leading companies in their fields in Blue Sphere's capacity to acquire and manage these complex projects in the US. The production of electricity from biogas is the perfect solution for two major contemporary problems: the growing need for energy, and the need for proper handling of the unbelievable amount of waste being produced. The comparison with the income-producing real estate industry is in the sale of all the electricity we produce to utilities, which are considered as long-term tier-1 tenants."

Excerpt from the release entitled:

Caterpillar to provide $21m for Blue Sphere biogas projects
Israeli company Blue Sphere has signed an agreement in principle with Caterpillar for financing two US projects for electricity production from organic waste.
2 September 12

http://www.globes.co.il/serveen/globes/docview.asp?did=1000781432&fid=1725